Short Interest in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Expands By 94.4%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 95,465 shares, a growth of 94.4% from the August 15th total of 49,119 shares. Based on an average trading volume of 168,514 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently modified their holdings of INFL. Bank of New York Mellon Corp boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after buying an additional 38,447 shares during the period. Longview Financial Advisors Inc. boosted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.7% during the second quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock worth $9,340,000 after acquiring an additional 10,049 shares during the period. Waterloo Capital L.P. grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.9% in the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock valued at $4,448,000 after purchasing an additional 1,845 shares during the last quarter. Copia Wealth Management grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 1.4% in the fourth quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock valued at $703,000 after purchasing an additional 217 shares during the last quarter. Finally, Principia Wealth Advisory LLC increased its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the fourth quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock worth $429,000 after purchasing an additional 465 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Stock Up 1.1%

Shares of INFL stock traded up $0.58 during trading on Thursday, reaching $53.51. 45,054 shares of the company’s stock were exchanged, compared to its average volume of 259,854. Horizon Kinetics Inflation Beneficiaries ETF has a twelve month low of $42.22 and a twelve month high of $56.28. The firm’s fifty day moving average price is $52.92 and its 200-day moving average price is $52.31. The stock has a market capitalization of $1.57 billion, a PE ratio of -2,320.36 and a beta of 0.70.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, June 24th. Horizon Kinetics Inflation Beneficiaries ETF’s dividend payout ratio (DPR) is presently -1,777.35%.

About Horizon Kinetics Inflation Beneficiaries ETF

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.